2012-08-13T17:28:34-05:00 2011-12-31 840676265 SSA PC 3355 American Drive Colorado Springs CO 809175707 990 2011-01-01 730792333 American Christian College Inc dba Summit Ministries AMER 7196859103 PO Box 207 Manitou Springs CO 808290207 Dr Jeff Myers 7196859103 2012-08-13 1 William C Sanden CPA P00013248 7195740100 2011 2016-02-24 21:20:13Z Dr Jeff Myers PO Box 207 Manitou Springs CO 808290207 4844718 0 X www.summit.org X 1970 CO To conduct Christian religious, educational and missionary services; to render Christian service, both spiritual and material, to the sick, the aged and the needy; to disseminate, teach and preach the gospel and teachings of Jesus Christ; to encourage and aid the growth, nature and spread of the Christian worldview; to teach, educate, instruct and train young people about God, the Bible, the Christian faith, and Christian values; to promote, encourage, and educate people everywhere regarding America's Christian heritage; to support the promulgation and preservation of Christian doctrines, values and ideals; to establish and operate a four-year Christian liberal arts college; and to support and assist organizations (including without limitation Christian colleges and universities) which are organized and operated for similar purposes. 9 9 177 0 -9467 0 1264290 1582939 2297544 2071801 245204 105441 318362 314344 4125400 4074525 0 0 0 0 1631813 1627078 0 0 308633 2491800 2650326 4123613 4277404 1787 -202879 7549662 7313164 441654 933482 7108008 6379682 X To equip tomorrow's servant leaders to analyze competing worldviews and champion the Christian faith, inspiring each one to love God with his heart, soul, mind and strength. 0 0 1281716 1509478 Summit youth ministries Summer programs - educate students ages 16-24 in Christian worldview thinking, preparing them for the battle of ideas that they will face in college and in culture. The two-week conferences feature over 70 hours of instruction in worldview analysis, Christian apologetics and leadership from a faculty of world-class instructors. Summer conferences are held in Colorado, Virginia and Tennessee. 342745 267632 Summit Semester Program: A 12-week program Christ-centered academic retreat designed for post high school graduates. Prepares young Christian thinkers to address the dichotomy separating faith from reason. Located near Pagosa Springs, Colorado. Major courses include: History of Christian Thought, Christianity and Politics, English Literature Minor courses include: Philosphy, Art, Theology & the Church, Cultural Apologetics, Bible Survey. 333105 178793 International/Oxford Programs: Designed for students of all academic disciplines who have completed at least two years of undergraduate schooling. Two-fold program: a fully accredited ten-week term tutored by Oxford University dons augumented by a four-week course centered on worldview analysis, comunication and leadership, designed to cultivate vision, value and virtue. The venues include lectures, seminar discusssions and conference calls with scholars and authors whose works students have read. 86673 72845 Professional speaking 30865 43053 Adult Conferences: Designed to equip parents, teachers, pastors and lay leaders to understand the biblical Christian, Islamic, Postmodern, Secular Humanist, Marxist and New Age worldviews, as well as the cultural issues where these worldviews battle for supremacy. 488193 404309 Bookhouse and curriculum 333734 Other Program Services Expenses 939465 520207 2897031 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 63 0 177 1 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 CO WA X X American Christian College Inc 7196859103 PO Box 207 Manitou Springs CO 808290207 Julie Hays 1.00 X 0 0 0 Phil Kayser 2.00 X X 0 0 0 Jeff Myers 40.00 X X 89912 0 8171 Tony Jeffrey 1.00 X X 0 0 0 Mark Brezina 1.00 X 0 0 0 Paul Stanley 1.00 X 0 0 0 Steve Austin 1.00 X 0 0 0 Nathan Mellor 1.00 X 0 0 0 Mike Mandt 1.00 X 0 0 0 89912 0 8171 0 0 0 0 Citibusiness 100 Citibank Drive San Antonio TX 78245 Credit card vendor 294338 Mennonite Press PO Box 867 Newton KS 67114 Publishing 257881 Bryan College PO Box 7000 Dayton TN 37321 Conference Facilities 216020 3 1582939 1582939 Summer Program 611600 1509478 1509478 Summit Semester 611600 267632 267632 Oxford/Intl Programs 611600 178793 178793 Professional Speaking 611600 72845 72845 Conferences 611600 43053 43053 2071801 114908 114908 122722 264366 -141644 -141644 -141644 8167 17634 -9467 -9467 -9467 892502 488193 404309 404309 Other misc. revenues 900099 51679 51679 51679 4074525 2476110 -9467 24943 89912 89912 1240509 951477 240282 48750 73624 43055 27299 3270 120130 65498 44208 10424 102903 61785 37373 3745 32952 423 32529 23463 23463 167293 86264 3156 77873 31984 18444 13374 166 160093 151142 8951 164757 128542 31435 4780 7680 4831 2849 93094 93094 109151 82321 26830 Operating Expenses 759474 496114 226709 36651 Supplies 407773 359253 48520 0 Journal 240663 129957 0 110706 Honorarium 142369 142369 0 0 309580 180387 119774 9419 4277404 2897031 1071740 308633 235846 239380 713664 291445 68409 33124 580076 582941 18640 33140 5766150 2577613 3030103 3188537 2721267 2182966 0 181657 761631 7549662 7313164 97623 150835 15564 36324 573000 156726 171741 173323 441654 933482 X 5840147 5436383 385822 499605 882039 443694 7108008 6379682 7549662 7313164 X -202879 -525447 X X 0 1 1 X 0 X 1527110 1489143 1184026 1264290 1582939 7047508 1527110 1489143 1184026 1264290 1582939 7047508 7047508 89954 51085 8778 245204 114908 509929 7557437 4381965 0.93250 0.93230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1236093 1236093 3704242 1988971 1715271 667964 491256 176708 157851 97386 60465 3188537 Cash Value Life insurance 188631 Copyright-Understanding the Times 573000 761631 Deferred compensation payable 173323 173323 4074525 4277404 -202879 -525447 -525447 -728326 4301639 -525447 752561 227114 4074525 0 4074525 5029965 752561 752561 4277404 0 4277404 Description of Uncertain Tax Positions Under FIN 48: Part X: On January 1, 2009, the Organization adopted Accounting for Uncertainty in Income Taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on various related matters such as derecognition, interest, penalties and disclosures required. The Organizations determination as a tax exempt not-for-profit entity is considered a tax position subject to the requirements of Accounting for Uncertainty in Income Taxes. There were no unrecognized tax benefits at December 31, 2011 or 2010, and the Organization does not believe it is reasonably possible that unrecognized tax benefits related to this tax position will significantly increase or decrease within twelve months of the reporting date. The Organization recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. The Organization did not have any accrued liabilities or expense for interest or penalties related to unrecognized tax benefits for the year ended December 31, 2011 or the period ended December 31, 2010. Part XII, Line 2d - Other Adjustments: Cost of goods sold - $488,194 Rent Expenses - $264,367 Part XIII, Line 2d - Other Adjustments: Cost of goods sold - $488,194 Rent Expenses - $264,367 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 Explanation of Nondiscriminatory Policy Publication Schedule E, Part I, Line 3 The College has always admitted all races impartially and does not base any decision or policy upon the racial composition of the students, staff or faculty. Our website contains a statement of racial nondiscrimination and such statements are included in our brochures and student communications which document our policy. United Kingdom 0 1 Program Service Summit Oxford is a fully accredited ten-week term tutored by Oxford University dons augmented by a four-week course on worldview analysis, communication and leadership. 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 Procedure for Monitoring Grants Outside the U.S.: Schedule F, Part I, Line 2: The Oxford Program is monitored through a bank account set up with Barclays in England. Summit deposits $5000 a month into this account for the instuctor to pay for necessary expenses of the program. The instuctor then sends the business manager a detailed listing of what the money was spent on. The instructor receives the monthly bank statements. The account is listed in the instructors name since the organization is not a registered charity in England and therefore not allowed to maintain a checking account. Revenues from tuition payments are deposited in the US bank account of Summit Ministries. Method Used to Acccount for Expenditures: Schedule F, Part I, Line 3: All expenditures are run through a local bank in England. Written receipts for large items are provided on a monthly basis. X 1 1 X X 1 1 0 0 0 0 0 0 0 Part I, Line 1a Residence was provided for the President: 111 Mowhawk $850/month Part I, Lines 4a-b David Noebel, Former President participates in a deferred compensation program in the amount of $188,630.86 shown as a liability on Summit's books. Dr David Noebel N/A X 573000 573000 0 1 1 573000 Dr David Noebel Former President of American Christian College & president of CACC 20005 Christian Anti-Communisim Crusade (CACC) reimburses for operating facilities and employee costs from American Christian College on a monthly basis. 0 Mike Mandt Director of American Christian College 48000 American Christian College annually leases a facility owned by the wife of a director near Pagosa Springs, CO for program presentations. 0 Form 990, Part VI, Section A, line 2 Summit also rents property in Pagosa Springs from a director for its Semester program. Form 990, Part VI, Section B, line 11 The organization has a board member, who is a CPA and chairman of the audit committee, that reviews and approves the Form 990 for the president to sign. The return is then electronically sent to all board members and the return is then filed with the IRS. Form 990, Part VI, Section B, line 12c Annual discussion at board meeting. Form 990, Part VI, Section B, line 15 The CEO's compensation is determined by the board of directors. All other pay is determined by the CEO. A compensation review committee was established at the board meeting in May 2009. Form 990, Part VI, Section C, line 19 Summit Ministries auditied financial statements and Form 990 are available to the public through the on-line searchable database of GuideStar or mail upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 5: Net unrealized losses on investments: -525447. Form 990; Part XII; Line 2c The organization has a board member, whom is a CPA, that reviews the Form 990, authorizes the filing, and reviews the audited financial statements with the tax preparer/auditor prior to filing the return. 1 1 1 1 1 1 1